MONEY POLL OF THE DAY: Are you worried about Rachel Reeves's rumoured 'mansion tax'?
Andrew Griffith blasts Rachel Reeves for another tax grab |
GB NEWS
Speculation is rife over what taxes will be raised by Chancellor Rachel Reeves in the upcoming Budget
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Chancellor Rachel Reeves is reportedly considering a "mansions tax" in her upcoming Autumn Budget as the Treasury looks for options to plug an estimated £50billion "black hole" in the public finances.
Among the proposals understood to be in consideration include imposing the country-wide capital gains tax (CGT) on higher-value primary residences, as well as scrapping stamp duty.
However, analysts have warned this change to the tax regime could have a detrimental impact on the property market, as well as cause "profound distress" for elderly people.
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